Gated Storage Condo with Wash
For Sale
$135,000
Pending
11440 Digital Court lot D54, Sparks, NV 89441
Commercial Sale, Sparks, NV
Property Size653 SF
Lot Size0.02 Acres
Days on Market153
Property Features for 11440 Digital Court lot D54
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I
Parking features
On Street, Offsite
Security features
Security Lighting
Fencing
Fenced
Lot features
Corner Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Directions
Pyramid to Ingenuity
Standard status
Pending
APN
538-244-09
Size
653 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
697
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Amenities
security cameras
gated complex
commercial wash bay
dump station
showers
Building Details
Year built
2020
Floors in Building
1
Number of units
98
Building materials
Batts Insulation, Metal Siding, Steel Frame
Roof type
Metal
Listing Agency:
LPT Realty, LLC
(775) 544-1328
Listed By:
Kerry Herdt · License #BS.146281
(925) 321-8042
Added: Apr 10
Changed: Aug 20
Last Checked: Sep 9 at 12:06AM
MLS# 260004396
Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This individual commercial storage condo offers 653 square feet within a steel-framed, metal-sided building completed in 2020. The unit measures 14.5 by 45 feet and includes an automatic overhead garage door with opener, making it suitable for boat, RV, vehicle, and general storage. The property is fenced and supported by facility-wide security cameras.
Shared amenities include a commercial wash bay, dump station, and showers. The complex is located off Highway 445 and Ingenuity Ave. Public water and sewer serve the property, and water is available. Zoning is I.
Shared amenities include a commercial wash bay, dump station, and showers. The complex is located off Highway 445 and Ingenuity Ave. Public water and sewer serve the property, and water is available. Zoning is I.
Key Highlights
- 653 square feet; unit dimensions are 14.5 x 45
- Built in 2020 with steel frame and metal siding
- Automatic overhead garage door and opener
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,703
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$134,060
$134.1K
Cap Rate 7%
$95,757
$95.8K
Cap Rate 9%
$74,478
$74.5K
Market Conditions
NOI Build-Up for 653 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$10.2K $15.60/SF
− Vacancy
−$611 −$0.94/SF
EGI
$9.6K $14.66/SF
− OpEx
−$2.9K −$4.40/SF
NOI
$6.7K $10.26/SF
Area
Sparks, NV
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$134,060
Cap Rate 7%
$95,757
Cap Rate 9%
$74,478
Alternative Uses
Best Use
Self Storage
$95.8K
$83.8K – $111.7K
NOI $6,703 @ 7.0% cap · market cap 4.97%
Second Best
Warehouse
$73.4K
$64.2K – $85.6K
NOI $5,135 @ 7.0% cap · market cap 3.80%
Theoretical Best
Specialty Retail
$231.1K
$202.3K – $269.7K
NOI $16,180 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 89441, NV
13,887
Population
5,314
Households
2.6
Avg Household Size
44
Median Age
32%
College-Educated
96%
High-School Grad
49.7 sq mi
ZIP Area
279
Density / Sq Mi
$123,625
Median Household Income
$62,025
Median Earnings
$2,078
Median Rent
$624,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Individual commercial storage unit in a gated complex with overhead access, cameras, and shared service amenities.
Where is this self storage facility located?
The property is located at 11440 Digital Court lot D54 Sparks, NV.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 653 square feet; unit dimensions are 14.5 x 45; Built in 2020 with steel frame and metal siding; Automatic overhead garage door and opener
